UTES vs. XLU
Compare and contrast key facts about Virtus Reaves Utilities ETF (UTES) and Utilities Select Sector SPDR Fund (XLU).
UTES and XLU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UTES is an actively managed fund by Virtus Investment Partners. It was launched on Sep 23, 2015. XLU is a passively managed fund by State Street that tracks the performance of the Utilities Select Sector Index. It was launched on Dec 16, 1998.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: UTES or XLU.
Key characteristics
| UTES | XLU | |
|---|---|---|
| YTD Return | 12.14% | 6.81% |
| 1Y Return | 10.35% | 0.61% |
| 3Y Return (Ann) | 7.51% | 3.38% |
| 5Y Return (Ann) | 8.35% | 6.27% |
| Sharpe Ratio | 0.67 | 0.03 |
| Daily Std Dev | 16.21% | 17.06% |
| Max Drawdown | -35.39% | -52.27% |
| Current Drawdown | 0.00% | -9.17% |
Correlation
The correlation between UTES and XLU is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
UTES vs. XLU - Performance Comparison
In the year-to-date period, UTES achieves a 12.14% return, which is significantly higher than XLU's 6.81% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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UTES vs. XLU - Expense Ratio Comparison
UTES has a 0.49% expense ratio, which is higher than XLU's 0.13% expense ratio.
Risk-Adjusted Performance
UTES vs. XLU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Reaves Utilities ETF (UTES) and Utilities Select Sector SPDR Fund (XLU). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
UTES vs. XLU - Dividend Comparison
UTES's dividend yield for the trailing twelve months is around 2.25%, less than XLU's 3.24% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UTES Virtus Reaves Utilities ETF | 2.25% | 2.44% | 2.13% | 1.94% | 2.09% | 1.84% | 2.16% | 2.81% | 3.28% | 0.61% | 0.00% | 0.00% |
XLU Utilities Select Sector SPDR Fund | 3.24% | 3.39% | 2.92% | 2.79% | 3.14% | 2.95% | 3.33% | 3.33% | 3.41% | 3.67% | 3.19% | 3.86% |
Drawdowns
UTES vs. XLU - Drawdown Comparison
The maximum UTES drawdown since its inception was -35.39%, smaller than the maximum XLU drawdown of -52.27%. Use the drawdown chart below to compare losses from any high point for UTES and XLU. For additional features, visit the drawdowns tool.
Volatility
UTES vs. XLU - Volatility Comparison
The current volatility for Virtus Reaves Utilities ETF (UTES) is 4.20%, while Utilities Select Sector SPDR Fund (XLU) has a volatility of 4.45%. This indicates that UTES experiences smaller price fluctuations and is considered to be less risky than XLU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.